Migration Entry Process for Oracle Payables Steps for AP Migration in Oracle ERP: 1.

Upload Opening Trial Balance as on 31-Mar-20XX in Oracle General Ledger 2. Create one Dummy Migration Expense Account 3. Create Open Invoices belonging to closing year as on 31-Mar-20XX in Oracle Payables using Dummy Migration Expense account in Invoice distribution. 4. Transfer accounting for these invoices in Oracle General Ledger through Create Accounting process 5. Reverse Journal Entries created for these invoices in Oracle General Leger Example with Accouting: Scenario: Sundry Creditors Balance as on 31-Mar-20XX : Break-up of Sundry Creditors Invoices: Supplier A: Rs. 60000 Supplier B: Rs. 40000 Cr. Cr. Rs. 100000 Cr

Transactions in Oracle: Oracle General Ledger: A. Trial Balance uploaded in Oracle General Ledger as on 31-Mar-20XX with below given details for Sundry Creditors: Sundry Creditors A/c ---B. Rs. 100000 Cr.

Create One Dummy Migration Expense account

Oracle Payables: A. Create all open invoices of pervious years for Suppliers as given in the scenario and select Dummy Migration Expense account in distribution on 31-Mar-2011 date.

Accounting for the Migration Invoices Supplier A: Dummy Migration Expense a/c Sundry Creditors a/c Supplier B: Dummy Migration Expense a/c Sundry Creditors a/c Rs. 60000 Rs. 60000 Rs. 40000 Rs. 40000 Dr. Cr. Dr. Cr.

After doing create accounting for these invoices following Journal Entries will be created in Oracle General Leger as on 31-Mar-20XX Oracle General Ledger: Dummy Migration Expense A/c Sundry Creditors a/c Rs. 100000 Rs. 100000 Dr. Cr.

Reverse the above Journal Entry in General Leger: Sundry Creditors A/c Dummy Migration Expense A/c Rs. 100000 Dr. Rs. 100000 Cr.

Total Journal Entry Created in Oracle General Ledger for Sundry Creditors and Dummy Migration Expense A/c are as below: Sundry Creditors A/c Sundry Creditors A/c Sundry Creditors A/c Rs. 100000 Cr. ---------- As per Trial balance as on 31-Mar-20XX Rs. 100000 Cr. ----------- As per the accounting generated for Migration Invoices Rs. 100000 Dr. ---------- As per the reversal of Journal Entry of Migration Invoices

Dummy Migration Expense A/c Rs. 100000 Dr. ------- As per the accounting generated for Migration Invoices Dummy Migration Expense A/c Rs. 100000 Cr. ---- As per the reversal of Journal Entry of Migration Invoices

Accounting created in Orancle General Ledger on payment of Migration Invoices in current year Supplier A: Sundry Creditor a/c Bank/Cash a/c Rs. 60000 Rs. 60000 Dr. Cr.

Supplier B Sundry Creditor a/c Rs. 40000 Bank/Cash a/c Rs. 40000

Dr. Cr.